Monday, June 25, 2007

U.S. Utilities, Natural-Gas Users Call for More Energy Market Oversight

(Bloomberg) -- Representatives of the U.S. utility
industry and natural-gas users told a Senate panel that they
support expanding regulatory oversight of energy markets to
cover over-the-counter trades and electronic exchanges.

The U.S. Commodity Futures Trading Commission ``needs to
see the entire market,'' Arthur Corbin, chief executive officer
of the Municipal Gas Authority of Georgia, told members of
Senate Permanent Subcommittee on Investigations. Corbin's group
is a collection of 76 publicly-owned gas distributors.


Read more at Bloomberg Energy News

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